Air traffic controllers on strike. The French lead the way in protest against a European Commission plan to speed up the centralization of air control powers to Brussels. Significant disruptions are expected.

S&P got optimistic about the US. The ratings agency upgraded the outlook on the US government’s debt from “negative” to “stable” in a vote of confidence for US politicians’ ability to reach a deal on the debt ceiling later this year. We’re a little skeptical.

Apple’s modest bag of tricks. There were no big surprises at Apple’s Worldwide Developers Conference as the company unveiled iTunes Radio, a free music streaming service. It also introduced a new version of its mobile operating system, iOS7, which presages the fusion of desktop and mobile software.

Lululemon lost its leader. CEO Christine Day stepped down for “personal reasons”—supposedly unrelated to the company’s recent fracas with too-transparent yoga pants, which actually did less damage to its earnings than expected.

Lily Kuo on two Thai billionaires and their $27 billion of acquisitions fueled by cheap credit. “The deals are worrisome for several reasons. Some of Dhanin and Charoen’s loans are precariously tied to real estate and the stock market. Also, Thai consumer spending would need to continue growing rapidly to justify these deals, Standard Chartered analyst Nirgunan Tiruchelvam told Reuters. And that’s unlikely to happen.” Read more here.